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Algerian oil price spikes by US$3.03 in July

Thursday, 12 August 2021 19:14

ALGIERS-Prices of Sahara Blend, the Algerian benchmark crude, spiked by US$3.03 in July, fueled particularly by the prospects for an increase in oil demand, the Organization of the Petroleum Exporting Countries (OPEC) said in its latest monthly report published Thursday.

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ALGIERS- Export prices of non-hydrocarbon products increased by an average of 32.9% in dinars in the first quarter of 2021, while hydrocarbon related products increased by 13.3% compared to the same period in 2020, the National Office of Statistics told APS on Thursday.

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ALGIERS- Minister of Energy and Mines, Mohamed Arkab, received Wednesday, on the sidelines of the 17th session of the Algerian-Malian Bilateral Strategic Committee, Malian Miniser of Mines, Energy and Water, Lamine Seydou Traoré, the ministry said in a statement.

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ALGIERS-Minister of Energy and Mines, Mohamed Arkab said Monday in Algiers that the possible beginning of the exploitation project of the iron mine of Gara Djebilet (Tindouf) will be decided in September according to the results of studies conducted by a Chinese group.

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ALGIERS- A memorandum of understanding for the creation of a phosphate processing company was signed Monday in Algiers between the national company of fertilizers and phytopharmaceuticals (ASMIDAL) and the group Manadjim El Djazaïr (MANAL).

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ALGIERS- President of the Republic Abdelmadjid Tebboune said Sunday he had given instructions to ensure the stability of the legislation on investments for a period of at least 10 years.

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National economic growth reaches 3.8%

Monday, 09 August 2021 08:35

ALGIERS- President of the Republic Abdelmadjid Tebboune underlined Sunday, in Algiers, a recovery of the national economy, recording a growth rate of 3.8% and exports that have reached levels not seen since 25 years.

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ALGIERS-President of the Republic Abdelmadjid Tebboune on Sunday gave instructions to encourage the processing industry through the creation of pilot units at state expense for the production of sugar beet and vegetable oil, the aim being to spur private investors and make these units training centers in the future, the Council of Ministers said in a statement.

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ALGIERS- More than 100 online merchants joined the internet payment platform in Algeria in the first half of 2021, showing the increasing interest of merchants in this kind of payment which enables broadening their customer base and improving their turnovers.

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ALGIERS-Former Minister of Agriculture and Fishing and Leader of the party of the Union of Democratic and Social Forces (UFDS), Noureddine Bahbouh passed away Friday at the age of 72 years, the deceased’s family announced.

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